Websol Energy System Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/09/2025 ,inter alia, to consider and approve a) Proposal of alteration ....
WEBELSOLAR · price
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Websol Energy System Ltd has informed the stock exchanges that its Board of Directors will meet on 1st September 2025 (Monday) via video conferencing. The main item on the agenda is a proposal to sub-divide/split the existing equity shares of face value Rs. 10 each into smaller denominations, subject to shareholder and regulatory approvals. The Board will also consider the corresponding alteration to the Capital Clause of the Memorandum of Association. The detailed ratio of the split has not been disclosed yet and will be decided by the Board. Once approved by shareholders and other authorities, the change in face value will be implemented.
A stock split typically improves share liquidity and affordability for retail investors without changing the company's market value. The announcement is generally seen as a positive signal, though the actual ratio and final approval are still pending.